YSR_Racer_99 Posted December 5, 2011 Report Share Posted December 5, 2011 Well, maybe there is, but this is why. What happened to "we haven't built a new refinery in 45 years", "we can't meet the demand", etc? http://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm?hpt=hp_t2 Quote Link to comment Share on other sites More sharing options...
Beegreenstrings Posted December 5, 2011 Report Share Posted December 5, 2011 But we are the ones that have to pay the high prices... This world we live in is faulked! Quote Link to comment Share on other sites More sharing options...
chevysoldier Posted December 5, 2011 Report Share Posted December 5, 2011 (edited) But we are the ones that have to pay the high prices... This world we live in is faulked!Actually our prices aren't that bad, comparatively.this chart compares gas prices in U.S. dollars/gallon (Y-axis) in Europe and North America. Gas prices are in red and total taxes* (both excise and consumption levies) are in blue. http://www.theatlantic.com/business/archive/2011/05/gas-prices-around-the-world-cheaper-than-water-i-and-i-10-a-gallon/238226/ Edited December 5, 2011 by chevysoldier Quote Link to comment Share on other sites More sharing options...
JStump Posted December 5, 2011 Report Share Posted December 5, 2011 (edited) DAMN! No wonder half of europe drives 50+mpg diesels, it would cost $150+ to fill up my mazda with regular. Edited December 5, 2011 by JStump Quote Link to comment Share on other sites More sharing options...
shadyone Posted December 5, 2011 Report Share Posted December 5, 2011 Saudi Arabia i think was 10 cents.. Quote Link to comment Share on other sites More sharing options...
oldschoolsdime92 Posted December 5, 2011 Report Share Posted December 5, 2011 Pretty wild Quote Link to comment Share on other sites More sharing options...
4DAIVI PAI2K5 Posted December 5, 2011 Report Share Posted December 5, 2011 Nutty! Why are we exporting if we are still importing it? Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted December 5, 2011 Report Share Posted December 5, 2011 Saudi Arabia i think was 10 cents..I think Venezuela is similarly cheap as well.Venezuela: Land of 12-Cent Gas (at least back in 2008)Short of going on a long diatribe, most situations involving energy, particularly gasoline, will be a Catch 22 for us. And as some others like to say on here, "follow the money" Quote Link to comment Share on other sites More sharing options...
chevysoldier Posted December 5, 2011 Report Share Posted December 5, 2011 http://en.wikipedia.org/wiki/Gasoline_and_diesel_usage_and_pricing Quote Link to comment Share on other sites More sharing options...
e-flores Posted December 5, 2011 Report Share Posted December 5, 2011 I think Venezuela is similarly cheap as well.Venezuela: Land of 12-Cent Gas (at least back in 2008)Short of going on a long diatribe, most situations involving energy, particularly gasoline, will be a Catch 22 for us. And as some others like to say on here, "follow the money"When i was there in 2003 it was 8 cents a gallon for 100+octane. its jaw dropping how cheap it is there. Quote Link to comment Share on other sites More sharing options...
Cheech Posted December 5, 2011 Report Share Posted December 5, 2011 Natural market forces like supply and demand don't exist in a market that is fueled by world events and is dominated by speculation. Someone punches someone in Saudi Arabia? Gas prices could go up, so the speculators start making bets and like a self-fulfilling prophecy, gas prices go up.Even making it so that purchasing oil contracts would automatically end up in a delivery (right now they are sold tens if not hundreds of time before the ship enters a refinery) may not stem the speculation tide, the last time oil was down there were supertankers anchored in international waters at the behest of their contract owners, waiting for prices to come back up.And Parks, even if we used every drop we had as surplus, we'd still be sucking in hundreds of millions of barrels a month. Quote Link to comment Share on other sites More sharing options...
Cheech Posted December 5, 2011 Report Share Posted December 5, 2011 When i was there in 2003 it was 8 cents a gallon for 100+octane. its jaw dropping how cheap it is there.heavy, heavy government subsidies. You charge Venezuelans market rates for gas and see how fast they start rioting. Quote Link to comment Share on other sites More sharing options...
4DAIVI PAI2K5 Posted December 5, 2011 Report Share Posted December 5, 2011 And Parks, even if we used every drop we had as surplus, we'd still be sucking in hundreds of millions of barrels a month.I under stand that but with that previous link that would be 430,000 barrels a day we wouldnt have to rely on from some where else. Which would decrease cost here just because of the cost of shipping crude. Quote Link to comment Share on other sites More sharing options...
serpentracer Posted December 5, 2011 Report Share Posted December 5, 2011 (edited) heavy, heavy government subsidies. You charge Venezuelans market rates for gas and see how fast they start rioting. no venezuala is socialist. they don't believe in making people pay that much for something they are rich of. which is why george bush and republicans hate them so much.make gas 8 cents here and everyone would riot and call obama a socialist.or actually they wouldn't riot and call obama a socialist. instead everyone including replublicans would be super happy but never admit they're being socialists by being happy to get gas that cheap. Edited December 5, 2011 by serpentracer Quote Link to comment Share on other sites More sharing options...
CBBaron Posted December 5, 2011 Report Share Posted December 5, 2011 Nutty! Why are we exporting if we are still importing it?We are importing OIL to supply the refining industry.The domestic refining industry can currently produce more gas than is needed domestically so the excess is sold to other markets. The current price of gas is mostly due to the current value of that commodity on the international market. Which means that they will not sell it for less in the US than someone in Mexico is willing to pay for the same product. Keeping the refineries running a full capacity is good for the economy as it keeps those workers employed in addition importing oil to make gas to export actually reduces import/export deficit if the gas is a higher value than the oil (it should be or they wouldn't be making it.)The gulf disasters that affected the gas and diesel prices a few years ago are because a significant % of the refining capability was affected at a time when we were using a larger volume of fuel. The economy tanking helps to reduce fuel demands. Because much of the fuel usage is inelastic in the short term the prices can go up quickly as supplies decrease because someone is willing to pay more if you won't.The market is much bigger and more complicated than a few headlines can summarize. Craig Quote Link to comment Share on other sites More sharing options...
CBBaron Posted December 5, 2011 Report Share Posted December 5, 2011 I under stand that but with that previous link that would be 430,000 barrels a day we wouldnt have to rely on from some where else. Which would decrease cost here just because of the cost of shipping crude.Super tanker shipping costs are so low on a per gallon basis that you would barely be able to find the difference. What you also missed was that it is a "difference of" 430,000 barrels of gas a day? Some companies are importing gas from external suppliers while others are exporting to external customers. Some are probably doing both as they can deliver fuel more cheaply to one part of the country from an external refinery and sell externally for a higher price from a refinery in a different part of the country.Like I said it is much more complicated than a simple look at US import and exports per month. Quote Link to comment Share on other sites More sharing options...
serpentracer Posted December 5, 2011 Report Share Posted December 5, 2011 (edited) We are importing OIL to supply the refining industry.The domestic refining industry can currently produce more gas than is needed domestically so the excess is sold to other markets. The current price of gas is mostly due to the current value of that commodity on the international market. Which means that they will not sell it for less in the US than someone in Mexico is willing to pay for the same product. Keeping the refineries running a full capacity is good for the economy as it keeps those workers employed in addition importing oil to make gas to export actually reduces import/export deficit if the gas is a higher value than the oil (it should be or they wouldn't be making it.)The gulf disasters that affected the gas and diesel prices a few years ago are because a significant % of the refining capability was affected at a time when we were using a larger volume of fuel. The economy tanking helps to reduce fuel demands. Because much of the fuel usage is inelastic in the short term the prices can go up quickly as supplies decrease because someone is willing to pay more if you won't.The market is much bigger and more complicated than a few headlines can summarize. Craigso what did we learn from this kids? One dumbass that over pays for something sets the price you HAVE to pay for something...this also explains why people with a harley think they're worth their weight in platinum Edited December 5, 2011 by serpentracer Quote Link to comment Share on other sites More sharing options...
CBBaron Posted December 5, 2011 Report Share Posted December 5, 2011 so what did we learn from this kids? One dumbass that over pays for something sets the price you HAVE to pay for something...this also explains why people with a harley think they're worth their weight in platinumLike they say the worth of something is what someone else is willing to pay. Its not overpriced (on craiglist) if someone is willing to buy it at that price Craig Quote Link to comment Share on other sites More sharing options...
Gixxus Christ! Posted December 5, 2011 Report Share Posted December 5, 2011 Adam, we are importing.lots of.crude and then refining it and exporting.the gasoline.... Quote Link to comment Share on other sites More sharing options...
4DAIVI PAI2K5 Posted December 5, 2011 Report Share Posted December 5, 2011 cant we just have flying vehicles that run on air yet. Quote Link to comment Share on other sites More sharing options...
serpentracer Posted December 5, 2011 Report Share Posted December 5, 2011 cant we just have flying vehicles that run on air yet.sure just let them come up with a tax for air first... Quote Link to comment Share on other sites More sharing options...
4DAIVI PAI2K5 Posted December 6, 2011 Report Share Posted December 6, 2011 ill tax the .gov for my co2 that they need for their plants to produce oxygen. that will teach those bastards Quote Link to comment Share on other sites More sharing options...
ReconRat Posted December 6, 2011 Report Share Posted December 6, 2011 Venezuela got cheap gasoline, in part, by nationalizing the gasoline refineries.Essentially took them away from their American & British owners.So no investment required, just maintenance and upkeep.Their export of oil and gasoline, pays for the cheap local use of it.America imports oil not gasoline, and turns it into gasoline. Doesn't sound like a big deal, but not many countries do this. We send most of our export gasoline (and oil) to Japan. Iran is a major exporter of oil for the world, but can't get refineries going to produce gasoline for their own country. They import it.If inflation is factored in, we've had a free ride with very cheap gasoline for a lot of years. Gasoline is currently at a really very normal price here in the US. Quote Link to comment Share on other sites More sharing options...
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